Gabby Taylor

Gabby has a passion for small business, community outcomes and education. Gabby has experience across a number of business sectors including fintech, payments, government and horticulture, and has more than a decade of firsthand experience in teaching and education.

Cards remain top of the charts but is cash making a comeback?

The Reserve Bank has released the results of the 2025 Consumer Payments survey, showing that cards remain king, account-to-account adoption remains slow, and cash might be making a resurgence.

Cash

NZ blocks surcharge ban, UK prioritises "tackling high card fees"

Australia's Reserve Bank will ban business from surcharging the cost of card transactions from October 1, all whilst the rest of the world grapples with reducing the impact of high merchant fees on small businesses.

Regulation

Payments most powerful - a year of tough decisions for the PSB

It is a very busy and critical time for payments most powerful decision-makers, but with delays in decisions, extra scrutiny from the economics committee, and a member’s term ending in December, interest is swirling about the RBA's Payments System Board.

Regulation

Desire for real time transition tempered by cost, take up, outages and reach

A summary of 68 submissions on the future of account-to-account payments shows a desire to move to real time payments but concerns remain around cost, take up of services, outages and account reach.

A2A

NZ surcharge ban will create an “uneven playing field” with online excluded

Feedback has now closed on the Retail Payment System (Ban on Merchant Surcharges) Amendment Bill introduced to New Zealand Parliament on September 16 and groups have voiced their concerns about the impact on businesses and consumers.

Merchant Service Fees

Small business “subdued” as RBA mulls decision on card fees and surcharging

Two new reports have articulated stresses facing the nation’s small businesses, as the Reserve Bank of Australia considers the future of surcharging and merchant fees which could deal another blow to the sector.

Merchant Service Fees

RBA stats on surcharging still not adding up

There is a lot of debate around the surcharge ban in Australia. The Reserve Bank (RBA) claims only 10% of small businesses surcharge, but many are sceptical of that figure. If the RBA is wrong, a ban on surcharging can have serious implications for consumers, businesses and payment service providers.

Merchant Service Fees

Regional disadvantage key in cash submissions, but major players keep their views secret

After eight months in seeming purgatory, the mandating cash acceptance submissions are now available for viewing, but with major banks and retailers missing, it’s hard to decipher whose opinions on cash Treasury values.

Cash

RBA admits small merchants may continue to pay high card fees

Reserve Bank Governor Michele Bullock has admitted that not only are small merchants paying “much, much more” in card fees than their big business counterparts, but they may continue to do so under its proposed plan.

Merchant Service Fees

No detail as Deloitte report on cash distribution “finalised”

Deloitte Access Economics has provided their final "independent" pricing mechanism report to Armaguard, the major banks and some major retailers, with it announced on Friday without any detail.

Cash

A big first year – our biggest stories

PayDay News celebrates its 1st birthday in October, so we thought it timely to revisit some of our biggest and most popular of the 400 stories published in our first year.

Cash

With no consensus on card fees and surcharging, will the public interest prevail?

If the Reserve Bank wants consensus on its proposal for merchant fees and surcharging, it’s a lost cause. The best the central bank can hope for is a decision in the public interest, leveraging strong sentiment on issues such as scheme fees, least-cost routing and the burden on small business.

Fintech

Authentic Security gets ACCO status, whilst Armaguard gets another lifeline

Authentic Security has confirmed its status as an Approved Cash Centre Operator (ACCO) after it was given the green light by the Reserve Bank on July 1st. The announcement coincides with Armaguard being awarded another $25 million lifeline.

Cash

Banks and the cost of doing business

Another day, and another “challenge” for the banks. NAB CEO and Australian Banking Association Chair (ABA), Andrew Irvine sat down for a panel discussion at the Trans-Tasman Business Circle Annual Economic Forecast event last Friday and lamented the cost of cash, saying “cash is viewed as free and digital payments are viewed as having a surcharge. This is actually the wrong pricing signal because the cost of a digital payment versus a physical payment is much, much lower.”

Cash

Reluctant regulator needs to bare its teeth on small business card fees

The Reserve Bank must reign in debit card fees that currently plague Australian small businesses and shoppers before banning surcharging, the Independent Payments Forum (IPF) said today.

Merchant Service Fees

Canberra abuzz with talk of unfair debit card fees

The nation’s capital is buzzing with discussions about unfair debit card fees and their impact on the economy, small businesses and consumers.

Cards